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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Electronics Co., Ltd.    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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South Korea court reassigns Samsung chief's case amid questions about judge's connections

03/17/2017 | 02:19am EST
Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul

SEOUL (Reuters) - A South Korean court said on Friday it has reassigned Samsung Group chief Jay Y. Lee's bribery trial to another judge, following questions about the previous judge's connection to a woman Lee is accused of bribing.

A Seoul Central District Court spokesman said the case had been reassigned following a request from judge Lee Young-hoon, who presided over the March 9 pre-trial hearing for Jay Lee and four former and current Samsung Group executives in what has been dubbed by some as the "trial of the century".

The spokesman declined to comment on the reason for the reassignment.

But the decision comes a day after an opposition lawmaker accused Lee Young-hoon's father-in-law of being a financial sponsor for Choi Soon-sil, a confidant of former president Park Geun-hye and a central figure in the graft scandal that led to Park's removal from office and the Samsung chief's indictment.

Park was dismissed as president by the Constitutional Court on Friday last week and has been summoned by prosecution for questioning as a suspect in the graft investigation.

The special prosecution team that indicted the Samsung chief accused Park of colluding with Choi to pressure big businesses to contribute to non-profit foundations backing her administration's initiatives.

The court said in a statement to Reuters on Thursday that Lee Young-hoon's father-in-law had denied the allegations and had not met or contacted Choi or her family since the assassination of Park's father, former president Park Chung-hee, in 1979.

Legal representatives for Jay Y. Lee, vice chairman and director at Samsung Electronics Co Ltd, could not be immediately reached for comment, and Samsung Electronics declined to comment.

Jay Y. Lee was indicted on Feb. 28 by a special prosecution team on several charges including pledging 43 billion won ($38.03 million) in bribes to a company and foundations backed by Choi to curry favor, and a verdict is required within three months of the indictment.

Jay Y. Lee and Samsung have denied wrongdoing.

(Reporting by Se Young Lee and Joyce Lee; Editing by Robert Birsel and Nick Macfie)

By Se Young Lee and Joyce Lee


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 0.59% 8.5 Delayed Quote.-6.22%
SAMSUNG ELECTRONICS CO., LTD. -3.28% 82500 End-of-day quote.1.85%
TEAM, INC. 8.21% 12 Delayed Quote.9.91%
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Financials
Sales 2021 263 373 B 237 B 237 B
Net income 2021 35 282 B 31,7 B 31,7 B
Net cash 2021 108 859 B 97,8 B 97,8 B
P/E ratio 2021 15,1x
Yield 2021 1,76%
Capitalization 552 413 B 494 B 496 B
EV / Sales 2021 1,68x
EV / Sales 2022 1,48x
Nbr of Employees -
Free-Float 82,9%
Chart SAMSUNG ELECTRONICS CO., LTD.
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Samsung Electronics Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Average target price 103 500,00 KRW
Last Close Price 82 500,00 KRW
Spread / Highest target 52,7%
Spread / Average Target 25,5%
Spread / Lowest Target -16,4%
EPS Revisions
Managers and Directors
NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Hee-Chan Roh Chief Financial Officer
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